Known to some as a one-man shadow open market committee Lawrence Summers wants a 0.25 percentage point interest-rate hike. The director of economic policy studies at the American Enterprise Institute, Michael Strain, wants a 0.50 percentage point increase. The Cato Institute’s Alan Reynolds suggests a 1 percentage point cut. The Twitter and Tesla entrepreneur, Elon Musk, is pushing a 0.50 percentage point cut, and money manager Bill Ackman is proposing a “pause,” in which the Federal Reserve neither raises nor cuts rates but rather waits until the next meeting, when there’s more information on what is happening with inflation and the regional banks.